"SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication — sounds complex, right?

But here’s the deal:

It’s a secure messaging system that banks use to communicate payment instructions. Think of it like the WhatsApp of global banking — but for money transfers."

What Happens If You’re Cut Off?

"Being removed from SWIFT — like what happened with some Russian banks — is a serious sanction. It cuts off a country’s banks from the global financial system.

It’s like being banned from using email in the business world. You can’t trade easily."

No actual money moves through SWIFT — just instructions telling banks where and how to move funds!"